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Information
New auto loan for SME, MSME
New auto loan for SME, MSME
VIB finances SMEs, MSMEs to invest new cars for business activities
Meet the needs
Catering to SMEs, MSMEs investing in new vehicles to support production and business activities, including transportation and internal logistics
Competitive interest rates
Preferential loan interest rates starting from 6.3% per annum (rates subject to change according to VIB’s regulations)
Attractive loan-to-value (LTV) ratio and loan term
LTV up to 80%, with a maximum loan term of 84 months
MSME customers (with revenue or charter capital less than 100 billion VND) or SME customers (with revenue or charter capital less than 400 billion VND) seeking loans to invest new cars for business
- Established time: at least 18 months and have feasible business plan
- Financial conditions: meet VIB regulations
- Collateral: financed car
Maximum 80% car value
Maximum 80% car value
- 25 billion VND and
- Maximum 5 billion/car
Maximum 84 months
- Legal documents
- Financial documents
- Collateral documents
Simple documentation and fast application approval time, disbursement after having vehicle registration appointment letter